Family finance: Salaried Krishna needs to align investments with goals

P. Vamsee Krishna, 37 years, stays with his homemaker wife and two children, aged 10 and eight, in his own house, in Hyderabad. He is a software engineer, who brings in a salary of Rs 1.05 lakh a month. Besides his own house, for which he has taken a home loan and a top-up loan, he also has a plot of land. He is servicing the home loan and a gold loan with EMIs of Rs 19,200. His goalsinclude building an emergency corpus, saving for kids’ education and weddings, retirement, and…

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7 Hottest Online Education Startups in China

The rapid technology development has greatly impacted people’s lives. Not only has it changed how people shop, pay, or date, it has also changed how people learn. Online education has come to the forefront in recent years. It is estimated that the scale of e-learning users in China will reach 296 million in 2020. Why is online education so popular? Comparing with traditional offline education model, online education has outstanding advantages. E-learning is flexible, convenient, and rich in resources; combining with AI, VR, AR and other technologies, it can better…

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British Airways passenger forced to travel on seat covered in dried vomit

After the carrier failed to issue an apology the man shared the photo on Twitter. A British Airways (BA) business class passenger was left feeling ‘disgusted’ when he had to travel in a 10-hour flight on a seat plastered in vomit. Dave Gildea, vice-president of a software company in San Francisco was travelling from London to Seattle when he reportedly upgraded to business class at Heathrow Airport. However, instead of having a comfortable experience, he was dismayed to see vomit all around his designated seat. The 38-year-old man said when…

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Draft norms for ‘on-tap’ licensing of small finance banks by August end

On-tap licensing is a time-efficient feature that will allow parties to obtain the licence on-demand basis and eligible parties won’t have to wait. The Reserve Bank of India (RBI) will issue draft guidelines for ‘on-tap’ licensing of Small Finance Banks (SFB) by the end of August 2019 with a view to enhance supply of credit to small borrowers and encourage competition. On-tap licensing is a time-efficient feature that will allow parties to obtain the licence on-demand basis and eligible parties won’t have to wait. In September 2015, the RBI had…

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An open letter to finance minister Nirmala Sitharaman

Dear Madam Finance Minister, Welcome to the exciting world of finance that you have just taken charge of. I have covered this space as a beat reporter for 25 years and so I am taking the liberty to give a glimpse of this sector as I see it. First, my biases: I have a gender bias and I am truly happy that India has her first woman finance minister (the only previous instance was more a part-timer). Not just me, but even men say women bring more sincerity, honesty,  integrity…

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Most of the ocean floor is a mystery, but this technology could help map it

The numbers are startling: According to even the most generous estimates, more than 80 percent of the world’s oceans are totally unmapped. The average ocean depth is nearly two and a half miles, and oceans cover 70 percent of the planet. Do the maths and, in terms of total volume, 99 percent of Earth’s biosphere is essentially unknown. We think we’ve explored our planet, but those statistics are sobering. Topographically, we know more about the moon than we do about Earth. The math is about to get a little brighter,…

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High finance cost subdues May’s automobile sales

Sridhar V., Partner with Grant Thornton India said slowdown across the industry has impacted passenger car sales coupled with the impasse due to election, stress on financing and high base numbers. Slowdown across the industry has impacted passenger car sales coupled with the impasse due to election (Representational Image) New Delhi/Mumbai: Base effect, along with high finance cost and liquidity constraints continued to subdue automobile sales in May. According to experts, subdued consumer sentiment and the just concluded general election also had a major part in sales slowdown. On Saturday, automobile…

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Johnson Controls Launches Technology Contracting in Africa

Governments and businesses in Africa are making sizable investments in smart buildings, precincts –including airports, universities – and cities. However, ‘smart’ is not easy to do. To address the growing challenge of planning, integrating and maintaining a multitude of different, highly connected systems, Johnson Controls’ is launching a new offering in the Africa region — it’s called ‘Technology Contracting’. It’s one very few can match. “With technology advances and an explosion in cloud connectivity, a new approach is needed to construct and run smart buildings,” says Archibald Makatini, Regional General…

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Pioneering national chess education in Armenia

5/28/2019 – Armenia has the most ambitious school chess programme in the world. It recently hosted its third international conference and the first meeting of FIDE´s new Education Commission in the ressort town Tsakhkadsor. STEFAN LOEFFLER attended. | Pictured: The final of the Armenian Championship of Primary Schools took place in parallel nearby. | Photos: Armenian Chess Academy In the homeland of school chess All Armenian children learn chess at school. From grade two to four they have two weekly chess lessons. Introducing chess for everyone in 2011 was a…

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11 Top Hard Hitters to Watch Out for in IPL 2019

The 12th Edition of Indian Premier League (IPL) began with a great show of batsmen scoring the maximum runs and setting new records. Many people are already taking the IPL craze ahead by playing fantasy cricket and winning prizes. While the 11th edition of IPL saw several hard-hitters such as Kane Williamson, Rishabh Pant, Lokesh Rahul, Ambati Rayudu, Shane Watson, and many more, the new season of IPL had a bag of surprises in regards to highest scorers and strong batting. David Warner (SRH) To start with, David Warner of…

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